94 Main St, North Andover MA 01845
North Andover, MA 01845
$1,800,000
$1,599,000
Est. $9,194/month
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About this home
The property currently generates approximately $141,132 in gross annual rental income with net income of $120,111, providing strong in-place cash flow. This 5-unit multi-family investment at 94 Main Street in North Andover offers 10 bedrooms and 5 full, 1 half bath across approximately 3,884 sq ft of living space. The units feature a mix of 1-, 2-, and 3-bedroom layouts. Situated on a 0.22-acre corner lot, the property includes 10 off-street parking spaces, a full unfinished basement, vinyl exterior, asphalt shingle roof, and city water and sewer. Conveniently located near public transportation, shopping, parks, and major highway access. Annual operating data available. A strong opportunity for investors seeking a well-located, income-producing asset in the North Andover market.
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Recently Sold Nearby
Property History
Market Insights
2
Price Changes
11.2%
Price Range
Property Timeline
Price Reduced
Jun 5, 2026
$1,599,000
$51,000
(-3.09%)
From $1,650,000 to $1,599,000 (-3.1%)
Price Reduced
Apr 7, 2026
$1,650,000
$150,000
(-8.33%)
From $1,800,000 to $1,650,000 (-8.3%)
Listed for Sale
Mar 3, 2026
$1,800,000
Original listing
Agent: Team Lillian Montalto
Office: Lillian Montalto Signature Properties
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/05/2026 | ↓ Price Reduced | $1,599,000 | $51,000 | - | From $1,650,000 to $1,599,000 (-3.1%) |
| 04/07/2026 | ↓ Price Reduced | $1,650,000 | $150,000 | - | From $1,800,000 to $1,650,000 (-8.3%) |
| 03/03/2026 | 🏠 Listed for Sale | $1,800,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $10,899 | $967,900 |
Financial Details
Annual Property Tax
$10,899
Tax Year 2025
Assessed Value
$967,900
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1900
Living Area
3,884 sq ft
Lot Size
0.22 acres
Bedrooms
10
Full Baths
5
Half Baths
1
Total Rooms
20
Investment Metrics
Units
5
Unit 1 Rent
$2,250/mo · Y
Unit 2 Rent
$3,130/mo · N
Unit 3 Rent
$2,150/mo · Y
Unit 4 Rent
$2,400/mo · Y
Total Monthly Rent
$9,930/mo
Gross Income
$141,132
Net Operating Income
$120,111
Operating Expenses
$21,021
Cap Rate
7.51%
Interior
Heating
None
Cooling
None
Flooring
Laminate
Appliances
Range, Dishwasher, Microwave, Refrigerator
Fireplace
None
Basement
Full, Unfinished
Laundry
None
Features
Bathroom With Shower Stall, Living Room, Kitchen, Dining Room
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Off Street
Total Spaces
10
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$10,899
Assessed Value
$967,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Buyers Responsible For Own Due Diligence
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
Broker not responsible for discrepancies in SF
Documents
None
County
Essex
Total market time (incl. prior listings)
150 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
10
Full Bathrooms
5
Half Bathrooms
1
Living Area
3,884 sq ft
Total Rooms
20
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,884 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Laminate
Appliances:
Range, Dishwasher, Microwave, Refrigerator
Interior Features:
Bathroom with Shower Stall, Living Room, Kitchen, Dining Room
Windows:
Basement:
Full, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
10
Parking Features:
Paved Drive, Off Street
Nearby Schools
School District
North Andover School District local
A-
Where Graduates Go
Class of 2021
77%
attend college
68%
4-Year
9%
2-Year
36%
Out of State
4%
Working
School Safety
2024-25
0.6%
Low
0.6%
Suspensions
0.1%
In-School
4.9% below state avg
Elementary Schools
6 schools
St. Michael Elementary School
0.2 mi
Grades PK-08
Anne Bradstreet Early Childhood Center
1.1 mi
462 students
Moderate
Grades PK-K
C
Atkinson School
1.2 mi
|
#660 of 824
|
Score: 38.0
Dropped 28 spots from last year
-20.2 below state avg
274 students
Diverse
Diverse Student Body
Grades 01-05
B+
Franklin School
2.0 mi
|
#324 of 824
|
Score: 50.0
Dropped 42 spots from last year
-8.2 below state avg
383 students
Moderate
Strong Attendance
Grades 01-05
B+
Annie L Sargent School
2.8 mi
|
#269 of 824
|
Score: 51.9
Improved 6 spots from last year
-6.3 below state avg
441 students
Moderate
Strong Attendance
Grades 01-05
Meritor Academy
3.3 mi
Grades PK
Middle Schools
1 school
A-
North Andover Middle School
0.9 mi
|
#86 of 352
|
Score: 51.2
Improved 26 spots from last year
-7 below state avg
1,023 students
Diverse
Rising School
Strong Attendance
Grades 06-08
High Schools
2 schools
A
North Andover High School
0.8 mi
|
#54 of 346
|
Score: 66.6
Improved 33 spots from last year
+8.4 above state avg
1,328 students
Diverse
21 sports
• 2,578 athletes
Strong AP Program
High Graduation Rate
Rising School
Career Tech Programs
Grades 09-12
Brooks School
2.2 mi
Grades 09-12
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$908
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
94 Main St, North Andover MA 01845
North Andover, MA 01845
Listing Information
Listing Agent
Team Lillian Montalto
Listing Office
Lillian Montalto Signature Properties
Office Phone
978-475-1400
Agent MLS ID
TM338007
Office MLS ID
G62122
Listing Data Updated
Jul 31, 2026 1:58 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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